put aside of fake dream, I more curious on what cause such big sell off. it is not like having a bad quarter result or fault practices in accounting. 30+% drop is not a normal adjustment
It is not bad Q but the earlier price was in anticipation that they will have a very steep growth rate but then the project didn't materialise one after another. So, ppl are leaving. My guess only.
Can't blame the investor as they were sold the dream of revenue expanding regionally. If that indeed comes true, the revenue will multiply by 3 fold. Imagine the population in Vietnam and Cambodia but unfortunately the plan has been shelf. The money raise for that plan has been use to buy more EDC machine. Hence, you can kiss goodbye to the expansion plan. So, the story shift to digital banking and that did not materiliase as well.
kalau hari ni hijau , pejam mata je beli dan hold selagi maintain atas 1.00 , sebab jerung nak buat rebound hari ni hijau , besok hijau , hari hari hijau :)
Welcome to below RM 1.00. Warning given earlier, when the own skl founder disposed don't buy. This fella already got first hand information market will be bad and also losing the digital license.
No problem since i already TP1 ;-) but we do not have many support below. Could be a big drop if we cannot reclaim the current level. Next support I'm looking at 0.755 , 0.465-0.605 ( big range). Those who are balls deep better start praying.
Only re-enter when the skl founder eddy ng starts accumulating. This goreng fella when he buys back confirmed will go up. He won't let himself to lose a single cent la.
Relax, the company just end the markdown phase. Ofcourse the stock going to start the accumulation phase again. Atleast the markdown or major selloff phase has end.
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imvu
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Posted by imvu > 2022-05-10 09:46 | Report Abuse
hari ni / besok rebound